TipHub

₹239.15

▼ -0.79 -0.33%

29 Jul 2026

NSE Listed · FMCG

ESM · ESM 1
What does ESM · ESM 1 mean?
NSE · Enhanced Surveillance Measure (ESM 1)ESM is the micro/small-cap ramp brake: it fires when a sub-₹1000cr stock's price variation is extreme versus its peer universe, or it's loss-making with a stretched valuation. Practical meaning: intraday speculation is shut off (Trade-for-Trade — every purchase must be taken to delivery), margins go to 100%, and at Stage II price discovery moves to periodic call auctions inside a 2% band.Criteria: Micro / small-cap companies (main-board market-cap below ₹500 cr) shortlisted on objective price parameters — high-low price variation, close-to-close price variation and standard deviation. Stage I = 100% margin + a ≤5% price band + Trade-for-Trade; Stage II = a 2% price band + periodic call auction.Exchange notice · 2026-07-14

Madhusudan Masala Limited (MADHUSUDAN)

Volume: 29,000Avg Vol 1W: 44,600Avg Vol 1M: 1,10,63652W Range:₹108.6₹260
NSE BSE www.madhusudanmasala.com AI Report
Key Ratios
Checked just now
Market Cap₹364 Cr
Current Price₹239.15
Previous Close₹239.94
High / Low (52w)₹260 / ₹108.6
Volume29,000
Avg Vol (1W)44,600
Avg Vol (1M)1,10,636
Stock P/E56.4
Book Value₹80.49
Dividend Yield0%
ROE15.08%
ROA8.42%
Revenue (TTM)—
Revenue Growth—
Profit Margin6.34%
Total Debt₹9 Cr
Shares Outstanding2 Cr
Face Value₹10
EPS (TTM)₹4.24
P/B2.97
Debt / Equity0.68
50 DMA₹196.95
200 DMA₹151.78
Day change-0.33%
SurveillanceESM · ESM 1
Price Chart
₹239.15▲ 74.88% · 1Y
₹256₹1096.1L
2025-07-29
2026-07-29

20-day avg volume: 1.0L shares

Pros
  • Healthy return on equity of 15.1%.
  • Company is almost debt-free.
  • Net profit is growing year over year.
Cons
  • Stock trades at a high P/E of 56.
Quarterly Results
MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹70 Cr₹63 Cr₹73 Cr₹73 Cr₹45 Cr₹76 Cr₹97 Cr₹98 Cr
EBITDA₹7 Cr₹4 Cr₹7 Cr₹7 Cr₹6 Cr₹8 Cr₹10 Cr₹11 Cr
Net Profit₹4 Cr₹2 Cr₹6 Cr₹4 Cr₹3 Cr₹5 Cr₹6 Cr₹7 Cr
EPS————————
Profit & Loss (Annual)
MetricDec 2024Mar 2025Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Revenue₹58 Cr₹232 Cr₹64 Cr₹64 Cr₹42 Cr₹68 Cr₹87 Cr₹90 Cr
EBITDA₹4 Cr₹23 Cr₹7 Cr₹6 Cr₹6 Cr₹7 Cr₹9 Cr₹10 Cr
Net Profit₹2 Cr₹15 Cr₹4 Cr₹4 Cr₹3 Cr₹4 Cr₹5 Cr₹6 Cr
EPS—10.93——————
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹26 Cr₹35 Cr₹57 Cr₹105 Cr₹179 Cr
Total Liabilities₹15 Cr₹35 Cr₹47 Cr₹59 Cr₹86 Cr
Equity₹11 Cr₹0 Cr₹11 Cr₹46 Cr₹94 Cr
Total Debt₹6 Cr₹16 Cr₹7 Cr₹8 Cr—
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹2 Cr₹-5 Cr₹-7 Cr₹-25 Cr₹-35 Cr
Investing₹-1 Cr₹0 Cr₹-6 Cr₹-3 Cr₹-7 Cr
Financing₹-1 Cr₹5 Cr₹16 Cr₹31 Cr₹45 Cr
Free Cash Flow₹2 Cr₹-5 Cr₹-7 Cr₹-25 Cr₹-35 Cr
Shareholding
Promoter 70.47% Institutions 5.16% Public 24.38%
Efficiency & Working Capital
ROCE17%
Interest Coverage3.7
Dividend Payout—
Debtor Days75 d
Inventory Days155 d
Payable Days8 d
Cash Conversion Cycle222 d
Working Capital Days230 d
Shareholding Details

As of 2026-06-30

Promoter70.5%
FII0.7%
DII4.5%
Institutions5.2%
Public24.4%
Promoter Pledge0%
No. of Shareholders1,347
Shareholding Pattern

Quarterly — figures in %. Latest 9 quarters.

PeriodSept 2023Oct 2023Oct 2023Mar 2024Sept 2024Mar 2025Sept 2025Mar 2026Jun 2026
Promoters73.6%73.6%73.7%73.7%66.9%68.1%68.1%69.5%70.5%
FIIs3.7%4.8%4.8%1%1.1%0%0.4%0.7%0.7%
DIIs0%6.4%0.7%0%0%0%0%4.9%4.5%
Public22.6%15%20.8%25.3%32%31.9%31.5%24.8%24.4%
Promoter Pledge0%0%0%0%0%0%0%0%0%
No. of Shareholders7768478478771,4281,5321,5191,3951,347
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Rishit Dayalaji KotechaShareholding of Promoter and Promoter Group19.3%31,16,000
Hiren KotechaShareholding of Promoter and Promoter Group19.1%30,84,000
Vijaykumar Vanravan KotechaShareholding of Promoter and Promoter Group9.9%16,00,000
Dayalji Vanravan KotechaShareholding of Promoter and Promoter Group9.9%16,00,000
Foram Rishit KotechaShareholding of Promoter and Promoter Group5.3%8,55,000
Mayuri Hiren KotechaShareholding of Promoter and Promoter Group5.3%8,55,000
Compact Structure FundPublic Shareholding3.7%5,90,000
Paresh N BhagatPublic Shareholding2.7%4,29,000
Madhusudan Auto-biz Private LimitedShareholding of Promoter and Promoter Group1.6%2,54,000
Anilbhai Parsotam RaichuraShareholding of Promoter and Promoter Group0%6,000
Bakulbhai Vanravan PopatShareholding of Promoter and Promoter Group0%0
Champaben Vrundavan PopatShareholding of Promoter and Promoter Group0%0
Chandrikaben Dayalaji KotechaShareholding of Promoter and Promoter Group0%0
Chhotalal Parsotam RaichuraShareholding of Promoter and Promoter Group0%0
Dharmanshu Gangaram BhattShareholding of Promoter and Promoter Group0%0
Dhirajben Vijaykumar KotechaShareholding of Promoter and Promoter Group0%0
Dipika Kishan PopatShareholding of Promoter and Promoter Group0%0
Dipikaben Dharmanshu BhattShareholding of Promoter and Promoter Group0%0
Divyesh Naginbhai DattaniShareholding of Promoter and Promoter Group0%0
Herat Rishit KotechaShareholding of Promoter and Promoter Group0%0
Jagdishbhai Vanravan PopatShareholding of Promoter and Promoter Group0%0
Jamnaben Gokaldas DavdaShareholding of Promoter and Promoter Group0%0
Jamnaben Pramodlal GhelaniShareholding of Promoter and Promoter Group0%0
Jyotsnaben Vrajlal ModiShareholding of Promoter and Promoter Group0%0
Kashyap Dharmanshu BhattShareholding of Promoter and Promoter Group0%0
Board of Directors
NameDesignationYear
Rishit Dayalaji KotechaChairman & Managing Director2025
HIREN KOTECHAWhole-time Director2025
Dayalji Vanravan KotechaNon Executive Director2025
VIJAYKUMAR VANRAVAN KOTECHANon Executive Director2025
Foram Rishit KotechaNon Executive Director2025
CHINTAN ASHOKBHAI MEHTAIndependent Non Exe. Director2025
Mayuri Hiren KotechaNon Executive Director2025
Parth Bipin SukhpariaIndependent Non Exe. Director2025
Rashmi AahujaIndependent Non Exe. Director2025
Megha Dilipkumar MadaniCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Manufacturing and Trading of Spices₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10201414
Corporate Actions
TypeDateValueRemark
forthcoming2026-07-18Board Meetings—
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000495099
2025000494796
2025000122
Company Information
Incorporated2021
ChairmanRishit Dayalaji Kotecha
AuditorSarvesh Gohil and Associates
Investor Email[email protected]
🌐 www.madhusudanmasala.com ↗

📍 F P No 19 Plot # 1 B Hapa Road, Jamnagar, Gujarat, Gujarat, 361001

Technical AnalysisPremium

Technical analysis (Premium)

Log in to see RSI, MACD, moving averages, oscillators and pivot levels for this stock.

Log inSign up free

More stocks

Macobs Technologies Ltd.Macpower CNC Machines Ltd.Madhav Marbles and Granites Ltd.Vaidya Sane Ayurved Laboratories Ltd.Madhav Infra Projects LimitedMadhucon Projects Ltd.Madras Fertilisers Ltd.Mafatlal Industries Ltd.Magadh Sugar & Energy Ltd.Magnum Ventures Ltd.Magson Retail and Distribution Ltd.Bank of MaharashtraAll “M” stocks →

Prices are delayed/indicative; pros & cons are AI generated. Informational only — not investment advice. ← Back to search